Question

Sales tax = tax % of _______

Answer 1

Answer:

Sales tax = tax % of Bill amount

Sales Tax

Sales Tax (ST) is imposed by the government when a product is sold to the customer. The shopkeeper will collect this tax and pay it to the government. It is therefore charged on the selling price of the item and then later added to the bill. Sales tax is charged on the sale of an item by the government and is added to the bill amount.

• Sales tax = Tax% of Bill Amount
• Total Bill = Cost of the Item + Sales Tax